Curacao temporarily relaxes tax holidays for development

Curacao temporarily relaxes tax holidays for development

On June 21, 2021, the Ministry of Finance of Curacao announced a decision to soften the conditions of tax breaks for property (land) development. One of the main conditions for tax holidays is that at least 80% of residences in real estate are sold or leased to foreigners. However, due to the impact of the COVID-19 pandemic, it has become difficult for investors to meet this condition. As a result, it was decided to reduce the cost of fulfilling this condition by at least 20%. Discount is valid until further notice.

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